Related Keywords: buyers trying to lay hands over the best quality, Cotton market, cotton yarn, future direction of market, Holi festival, kept trading activity low, many participants busy in holi celebration, not so clear in coming days, official spot rate, Prices may pick up or stabilize, ready business, seed cotton prices, short in demand, textile good
Holi festival kept trading activity on the cotton market on Thursday came under pressure as many participants busy in Holi celebrations. Dealers said the trade activity may revive after Holi festival.
In the ready business, around 4,000 bales of cotton changed hands between Rs 4300-5500, while, in Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab prices at Rs 2500 and Rs 2900.
The official spot rate was unchanged at Rs 5,250, dealers said.
